Fintech / Regtech

Toss Bank Applies for Digital Bank Operating Licence in Korea

08/02/2021

Toss Bank was awarded a preliminary licence to operate an internet-only bank in December 2019. It plans to launch operations in mid-2021.

Market Infrastructure

Australia Passes Mandatory Comprehensive Credit Reporting Bill

07/02/2021

Banks will have to report expanded information about the credit history of their customers to credit agencies, paving the way for more competition in the lending market.

Market Infrastructure

CSRC Approves Merger of Shenzhen’s Main and SME Boards

07/02/2021

The move will simplify the structure of the Shenzhen bourse and help it to better meet the financing needs of enterprises at different stages of development.

Capital / Liquidity

SEBI to Require AMCs to Help Capitalise New Clearing Corporation

07/02/2021

Individual contributions by asset managers towards the new LPCC will be calculated based on their AUM in open ended debt-oriented mutual fund schemes.

Market Infrastructure

CBIRC Asks Insurance Groups to Improve Governance Mechanisms

07/02/2021

The CBIRC released the results of its first evaluation of corporate governance of insurance groups. None of the 10 participating groups top marks.

Market Infrastructure

CBIRC Evaluates Corporate Governance at Non-bank Institutions

07/02/2021

Some financial leasing, enterprise group finance, auto finance, and consumer finance companies have been unwilling or unable to enhance governance and internal controls.

Market Infrastructure

UPDATED – HKEX to Acquire Stake in Guangzhou Futures Exchange

07/02/2021

The move, being the first-ever equity investment in a mainland futures exchange by a non-mainland investor, will help HKEX promote green and low-carbon markets across the region.

Big Picture

Australian Financial System Remains Fundamentally Sound: APRA

07/02/2021

APRA chair Wayne Byres says the banking, insurance and superannuation sectors were able to act as shock absorbers for the rest of the economy amid the Covid-19 pandemic.

Capital / Liquidity

China: Liaoning Govt to Merge 12 City Commercial Banks

07/02/2021

The PBOC said the new entity will better serve the high-quality development and overall revitalisation of Liaoning.